Common use of APPLICATION FOR REGISTRATION Clause in Contracts

APPLICATION FOR REGISTRATION. Appli- cations to register leverage commod- ities should be filed with the Commis- sion at its Washington, DC head- quarters. Attn: Secretariat. Three cop- ies of each such submission should be filed. The Commission may return any application which does not comply with the form and content require- ments of this section. Each applicant must: (1) Provide evidence that the person applying for registration of the lever- age commodity is registered or has ap- plied to the National Futures Associa- tion for registration as a leverage transaction merchant; (2) Provide an explanation of the dis- tinguishing characteristics of the ▇▇- ▇▇▇▇▇▇ commodity for which registra- tion is sought, including a complete de- scription of the cash market for the ▇▇- ▇▇▇▇▇▇ commodity, and for the spot, forward, and futures markets for the generic commodity; (3) Specify a commercial or retail cash price series including prevailing premiums or discounts governing cash market transactions in the quantities specified by the leverage contract and justify the use of such price series with respect to the particular leverage com- modity for which registration is sought; (4) Provide evidence and a complete evaluation of how the distinguishing characteristics of the leverage com- modity would be expected to affect the